Showing income for a mortgage?

[zappo111]

I own my own small Internet company. Private Corp. I build websites for realtors and market them on the internet. I have been in business for going on 3 years.I plan on buying my first home (Coastal NC)in the next 6 months. My mortgage broker(A friend) says if I show him 6 months of deposits in my personal bank account that would be enough to show income. I have a low credit score 609 and have not paid taxes yet(federal, I don't pay state-NV corp.)although I will be working on that this year. Especially if I need to to get a loan. I made about$80K plus profit this year before taxes. Any advice on some steps I need to take to ensure a loan would be appreciated. I just find it hard to believe that it is that easy. Thanks.

Total debi $1200
no car loans or credit card debt.
This years income $80+
Last years $40+

 

[jerichohill]

You can always do a No Doc loan. You'll pay 1-2.50% higher interest rate depending on credit. But that is one way that you can avoid showing all your financials.

L8R, J